Crypto Ping Pong Digest #28

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Market is green. BTC is now trading around $39,000, ETH is trading above $2,800.

💪 Bitcoin dominance: 42.68%

📉 Total Cryptocurrency Market Cap: $1,817 tr

😲 Fear and greed index: 28 (Fear)

🚀 Gainers(Top-100)

NEAR Protocol (NEAR) +11.06%

Fantom (FTM) +10.18%

Mina (MINA) +8.85%

😭 Losers(Top-100)

Cronos (CRO) -11.26%

ApeCoin (APE) -7.91%

Monero (XMR) -4.21%

Coinbase will fight crypto-fraud

Coinbase Intelligence is growing suite of products dedicated to crypto compliance that are designed to help secure the crypto economy from bad actors🐱‍👤🐱‍👤🐱‍👤. Coinbase are introducing a new product, Coinbase Know Your Transaction (KYT) and providing an update of our existing product, Coinbase Analytics.

Panama is poised to approve the use of Bitcoin and 8 other cryptos ‘without limitation’

⚖️Lawmakers⚖️ in Panama, the Latin American country with a reputation as a tax haven, have approved a bill that would regulate the use of Bitcoin and eight other cryptocurrencies and approve their use for paying taxes and for private transactions.

The currencies would be accepted as payment in both civil and commercial capacities, the bill said.

Goldman Offers Its First Bitcoin-Backed Loan in Crypto Push

Goldman Sachs Group Inc. offered its first ever lending facility backed by Bitcoin, in a significant step for a major 🏦U.S. bank🏦that accelerates Wall Street’s embrace of cryptocurrencies.

The secured lending facility lent cash collateralized by Bitcoin owned by the borrower, a spokeswoman for the bank said. The deal was interesting to Goldman because of its structure and 24-hour risk management, she said in an email.

Leading NFT Marketplace OpenSea Now Accepting ApeCoin

In the buildup to today's Otherside metaverse drop by Bored Ape Yacht Club creators Yuga Labs, 🖼️top NFT🖼️ marketplace OpenSea has announced it's now accepting ApeCoin.

This comes just days after APE became the largest metaverse token by market cap.

Bitcoin network difficulty breaks into a new all-time high of 29.794T

Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin network recorded a new all-time high network difficulty for the second time this month in April — jumping from its previous all-time high of 28.587 trillion to 29.794 trillion.

Greater network difficulty demands greater computational power to successfully ⚒️⚒️⚒️mine a Bitcoin (BTC) block, which prevents bad actors from taking over the network and manipulating transactions, also known as double-spending.

Thanks y'all for coming! Stay tuned for more funsies tomorrow by Svyatoslav, Maksym, and Nina.

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What is Crypto Ping Pong digest?

So all the TC lads here are working quite hard and from time to time we gotta chill.

That’s why we got ourselves a ping pong table to complete our lazy-bag-stuffed chill zone. As you all know our main hobby is Crypto, so even while we play we don’t really shut up about it. Ever.

During the game, we have a rule not to discuss serious topics like analytics, predictions, etc.

So memes, leaks, gossips naturally come about – we collect them and share them with you in this interstellar space on our site we like to call Crypto Ping Pong digest.